N Central Park Ave & N Milwaukee Ave, Chicago, IL 60618, USA
Sold, Sold 2017 - 2-4 Unit
  • Sale Price :$406,000
  • Gross Rents:$3,500
  • Cash Flow ( 20% Down Loan ):$843
  • Net Rents ( Less Expenses ):$2,467
  • Cap Rate: 7.29%
  • Number of Units: 3
  • Cash Flow (Low Money Down Loan): $345
  • Cash on Cash ( Low Money Down Loan): 20.39%
  • Cash on Cash ( 20% Down Loan ): 12.45%

This was a property in a great location with a nice backyard and four floors of living space.  There was over a dozen offers so we had to be aggressive to get it.  It was in good condition and with some cosmetic upgrades rents can be increased.

 

“I came across Brie on BiggerPockets in 2016 and started listening to her podcasts. When I was ready to start looking for my first multi family I was lucky enough to have her take me on as a client. This woman literally knows EVERYTHING about the Chicago market. She is not only a wealth of knowledge but has the patience of a saint. I knew buying a place would be stressful, and if I didn’t have her help every step of the way I probably would have thrown in the towel and bought a condo. She’s extremely quick to respond despite being extremely busy and in demand, and her help truly does not end after you close. I don’t quite know how she does it all, but I’m grateful to have had the opportunity to work with her and will be searching for my next multi family through her as well. “

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